SOCIO-ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION - OVERCOMING THE RECESSION

Abstract

The article analyzes the transition of the Russian economy from recession to small economic growth. But this growth is not sustainable and a number of economic and social indicators are still declining. According to the author, Russia should be developed in two directions: technological renewal and improvement of people's well-being. The specific conditions are indicated and suggested, under which forced investment in fixed assets and the "knowledge economy" will be effectively used. To move to the socio-economic development of the Russian Federation and to restore the economy and growth, incentive measures and institutional reforms-structural reforms are necessary.